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Zynga To Employees: Surrender Pre-IPO Shares Or You're Fired
Posted: Fri Nov 11, 2011 2:14 am
by Pigeon
Zynga seem to think they were overly generous handing out stock to early employees. Fearing a 'Google Chef' situation they are leaning on some employees to hand back their unvested stock or face termination. From the article: 'Zynga's demand for the return of shares could expose the company to employment litigation—and, were the practice to catch on and spread, would erode a central pillar of Silicon Valley culture, in which start-ups with limited cash and a risk of failure dangle the possibility of stock riches in order to lure talent.
http://news.cnet.com/8301-13506_3-57322 ... -be-fired/
http://news.slashdot.org/story/11/11/10 ... oure-fired
Greed hit a new level.
Re: Zynga To Employees: Surrender Pre-IPO Shares Or You're F
Posted: Fri Nov 11, 2011 2:26 am
by Dr Exile
Sounds illegal.
Re: Zynga To Employees: Surrender Pre-IPO Shares Or You're F
Posted: Fri Nov 11, 2011 2:34 am
by Pigeon
The soon to be made IPO is said to be around $1B. Frickin Farmville and a billion? What has this country become.
Re: Zynga To Employees: Surrender Pre-IPO Shares Or You're F
Posted: Fri Nov 11, 2011 12:00 pm
by lkwalker
Fuck Zynga and anyone who works there. Just sayin..
Re: Zynga To Employees: Surrender Pre-IPO Shares Or You're F
Posted: Fri Nov 11, 2011 1:29 pm
by Pigeon
lkwalker wrote:f++ Zynga and anyone who works there. Just sayin..
I'll toast to that one.
Re: Zynga To Employees: Surrender Pre-IPO Shares Or You're F
Posted: Fri Nov 11, 2011 1:41 pm
by Pigeon
I suppose people want to sit an play games instead of pushing for changes that might fix our country. Maybe it means there can be no fix.
Re: Zynga To Employees: Surrender Pre-IPO Shares Or You're F
Posted: Fri Nov 11, 2011 10:38 pm
by Pana
The changes they can affect in their games are just more tangible to them, Pigeon.